|Advisory Board Member|
| County: Cook|
| Practice Description: |
Terry Isselhard, a Principal with Chuhak & Tecson, focuses his practice in business law and planning, healthcare law, income tax, and estate and trust planning for closely held corporations and their owners, both in the healthcare field and other industries.
Terry has established a national practice representing physicians, physician organizations and other healthcare providers in a broad range of business, financial and healthcare matters. Terry's services include the formation and operation of professional corporations, physician networks, management service organizations, and joint ventures with related healthcare providers, as well as mergers, acquisitions, sales and other dispositions of businesses and assets and practice structuring, employment law, employee benefits and other practice and business related concerns. Terry also counsels his healthcare clients on professional licensing, credentialing and peer review, antitrust and prohibited referrals, Medicare and Medicaid, and other legal issues impacting physicians.
Terry advises closely held corporations and their owners on all aspects of their business planning and operations including organizing, operating and expanding closely held businesses, employment law and employee benefits, taxation, estate and business succession planning. Terry's extensive experience, vision and guidance allows him to help his clients focus on the various stages of their businesses and the changing environment in their particular industry, and to provide them with specialized tax and legal advice at every stage of the development of their business.
Throughout the more than 40 years Terry has been practicing, he has written, spoken and taught extensively on topics relating to business and healthcare law, as well as taxation, employee benefits and trust and estate planning, among other issues. Recently, he was profiled in the 2009 business edition of Leading Lawyers magazine with an article titled "Terry Isselhard: Physician's Best Business Partner." Terry serves both his community and Chuhak & Tecson. For nine years he was on the school board for the Joseph Sears School, Kenilworth School District No. 38. He has served on Chuhak & Tecson's management committee and marketing committee, and currently chairs the firm's compensation committee.
Hourly Rate: $301-$400/hour
Retainer: Varies by Case
Undergraduate School: St. Joseph College, B.S. in accounting, 1964
Undergraduate School Honors/Involvement: cum laude
Bar/Professional Association Involvement:
American Bar Association
Chicago Bar Association
Illinois Association of Hospital Attorneys
Illinois State Bar Association
National Health Lawyers Association
Former member of Joseph Sears School Board, Kenilworth District No. 38
Published Legal Writing:
"Specifically Designed Retirement Plans for Physicians and Their Practices," Kane County Medical Society Bulletin, September 2007
"Physician Employment Agreements in the 21st Century," Endovascular Today, July 24, 2006
"The Effect of CLIA Regulations on Physicians? on-site Laboratories," Will-Grundy Dental Society, August 2001
"Strategic/Succession Planning for the Dental Practice," Will-Grundy Dental Society, Spring 1999
"Strategic/succession planning for medical practices," Chicago Medicine (Chicago Medical Society), January 21, 1999
"Legal trends in the Evolving Managed Care Environment," Chicago Medicine (Chicago Medical Society), September 7, 1998, and January 21, 1999
"The Chronic Mismanagement of Managed Care Practices," Will-Grundy Dental Society, September 1998
"Strategic/succession planning for medical practices," Will Grundy Medical Society, September 1998
"Concerning new physicians? entering the profession and the issues that they should be aware when joining an existing medical practice," adviser to Medical Economics Magazine, February 24, 1997
"Physician Equity Medical Groups: Preserving Independence in the New Health Care Environment," January/February 1995
"Distributions From Qualified Plans of Deferred Compensation under the New 15% 'Excess Distribution/Accumulation Rules,'" February 9, 1989
"Self-Employed vs. Corporate Plans" (chapter 5), Illinois Institute for Continuing Legal Education, 1987; and 1988 to 1989 ISBA Law Ed Series
"Self-Employed vs. Corporate Plans and Considerations for Top-Heavy Plans" (chapter 4), Illinois Institute for Continuing Legal Education, 1983
"Benefit Packages for the '80s," Group Practice Journal, September/October 1983
"Sophisticated Estate Planning and Wealth Management," Health Plus Physicians Organization, August 31, 2010.
"Negotiating Physician Employment Agreements," webinar presented with the Chicago Medical Society Resident Lecture Series - Contracting, August 3, 2010
"Business Divorce and Separating Medical Practices," presented at the Illinois Association of Healthcare Attorneys, 27th Annual Health Law Symposium, October 21, 2009
"Crisis: Could You Financially Survive a Multi-Million Dollar Malpractice Settlement," presented at 40 professional seminars in the greater Chicago area, May 2003 through March 2008
"Asset Protection & Estate Planning for Medical Professionals," Chicago Medical Society, November 2006, Oak Brook, IL and Skokie, IL
"Avoiding Tax Pitfalls in Physician/Provider and Physician/Physician Transactions," Illinois Association of Healthcare Attorneys 24th Annual Health Law Symposium, October 4, 2006, Chicago, IL
"Covenants Not to Compete: Are They Still Enforceable?" April 15 and 26, 2003
"HIPAA Practical and Legal Issues," February 26, 2003
"Estate and Asset Protection Planning," April 23, 2002
"The Dynamics of Business Succession Planning: Preserving Wealth, Harmony and Business Continuity," February 8 and 25, 2002
"HIPAA Regulations," BDO Seidman Group, December 12, 2001
"What is HIPAA?" October 6, 2001
"2001 - New Administration Healthcare Legislation, topic: What?s In, What?s Out, What?s on Hold?" April 18, 2001
"Why Risk It? 7 Ways to Prevent Fraud & Abuse," February 22, 2001, Chicago, IL
"Dynamics of Auto Dealership Business Planning: Preserving Wealth, Harmony and Business Continuity," June 26 to 28, 2000 and June 18 to 20, 2001
"Negotiating Physician Employment Agreements," November 2000 to January 2006
"Asset Protection Planning, Preserving Wealth, Harmony and Business Continuity," April 3, 2000
"Medical Practice Solutions . . . Newly Recognized Areas of Unprotected Liability Exposure," March 22 and November 13, 2000
"Business Succession Planning," February 9 and December 14, 2000
Chuhak & Tecson is built on the values that inspired the firm's founders 24 years ago: hard work, honesty and integrity. Here, you will find a collaborative team of legal advisors who share a genuine interest in your success - professionals whose entrepreneurial spirit and vision are compatible with your own. All our attorneys are self-starters who maintain a holistic view of your goals, inspiring us to be creative in our solutions and driving us to remain a step ahead in moving your needs forward.
As a team and as individuals, we do what's right for the people we represent and the communities where we live and serve. Unlike many law firms where layers of bureaucracy impede direct contact with counsel, we connect our clients with experienced lawyers right away. It's how we show we're right there with you.
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